it is 5:00 a.m. in atlanta here's the top five things happening now. president trump tweeting that he may be willing do a big about-face on trade and why japan is in his cross hairs. china posting a rare trade deficit in march as exports plunged. a new report says increased political uncertainty in the middle east could cause gasoline prices to rise heading into summer. bitcoin is going bonkers the huge moves in all the cryptos. and five, are you ready for a little earnings season maybe the most important numbers for wall street set to roll out in a few hours

investors hope it's more treat than trick on this friday the 13th as "worldwide exchange" begins now ♪ good morning welcome from wherever in the world you may be watching. i'm brian sullivan friday the 13th really is a day to be afraid of for stocks it's the truth we'll tell you why coming up we begin your friday with the money topic of the last few weeks. trade. last night the president surprising many people saying the u.s. may be willing to rejoin the tpp he wrote would only join the tpp if the deal were substantially better than the deal offered to president obama. we already have bilateral deals with six of the 11 nations in that tpp, and we are working to make a deal with the biggest of those nations, japan who has hit

us hard on trade for years the president's tweet follows reports that the white house is looking at reentering the deal more on this coming up first here's how your money and the global markets are setting up their friday. stock futures fractionally higher you're looking at the equity markets there and the dow and futures. a couple points higher we'll see what happens a volatile run the bond market, yield ticking up a bit, 2.82% on the ten-year. that's the last trade we've seen it is early. asia was mixed japan slightly higher despite the president's knock on them in that tweet europe also mixed. germany up about 0.4%. gold, let's check the commodity markets. there's currencies don't care about those let's go on gold comex gold traded up 1,340

bitcoin is up 3% and ether is up 5% >> the iea is sticking by its forecast for global oil demand growth for this year joining us is saliis helema crot this report was interesting, it said heightened political uncertainty. i was wondering what is the heightened uncertainty it's not like the middle east has been a hot bed of peace. >> we're looking at several stories. what happens in syria, what's happening in yemen the big issues that will be persistent is venezuela

production continues to drop like a lead balloon and then the issue will we see a sanction snap back on iran which would make it harder for them to get their barrels to the market. >> venezuela a rolling disaster. how bad is it now from an oil perspective? >> they're losing month to month about 7 0,000, 80 thaush 080,00s per month. year end they could be down a million barrels year-on-year that's a big offset for shale. does the trump administration try to make more barrels come off the market or do we see new sanctions on venezuela >> if i have 100 cents and a lose a penny a day, sooner or later i'll have zero at what point will venezuela not really be an oil producer or an exporter >> more simply when is venezuela

a failed state they have a huge debt crisis the average venezuela has lost 20 pounds in the last year >> lack of food. >> it's a huge humanitarian disaster regardless of what happens in the middle east, venezuela has made opec's job easy does it make the u.s. shale boom less likely to drive prices lower? we are able to ramp up our production because we're making up for lost venezuela production a lot of venezuela oil which is thick, gooey was coming here any way. >> the interesting question will be if we start to -- if venezuela production rolls faster or we have a ban on bringing barrels into the united states who will make it up will it be saudi or iraq it is a heavier barrel that goes to gulf coast refineries >> overseas you talked about resanctioning iran, do you think that will happen >> president trump has been consistent saying he doesn't like the nuclear deal.

he has to make a decision by may 12th whether to extend sanctions on iran. if we don't extend sanction waivers, we're effectively out on the deal. what would be the smart money bet on that? if you want to take him at his word, he does flip-flop -- >> we have this tpp thing. i hate it. maybe we'll rejoin now japan is the problem >> john bolton has advocated regime change in iran, with mike pompeo coming in -- >> hard-liners >> it's become a hawkish cabinet on foreign policy. you have to bet we're done with the iranian nuclear deal >> a lot of focus on syria a huge humanitarian crisis we're separating the humanitarian aspect from the business side of things. not an oil and gas producing nation, is there a chance that trickles over?

>> the question is is there a contagion risk there you have the saudis on one side with the gulf states the iranians backing i sad do assad. in yemen we've had sustained attacks on saudi infrastructure. what are their goals >> that's what worries me. >> is yemen's goal to get saudi arabia into an all-out war they're trying to do that, it seems. >> they're trying to the one day saudi air defense systems fail, let's hope they don't, but if they do fail and you have a significant strike, there could be something much larger happening what do you think the answer is? >> i think they're willing to lure them into conflict. if we see conflict with yemen,

would there be a contagion risk? >> of course who is pis providing this missi technology the iranians >> there's a big headline risk for oil right now. we have to be careful. >> but the iea came out this morning and said mission accomplished with opec >> i found that odd. >> the opec cuts have worked >> supply and demand good. headline risk high thank you for coming in. >> thank you let's check now on some individual corporate names that you want to put on your stock radar. kate rogers is back with us. >> good morning. former qualcomm chairman paul jacobs is assembling a group of buyers to take the company private. one potential investor is chipmaker a.r.m.

shares of qualcomm are higher on that news. shares of broadcom are also higher they plan to buy back up to $12 billion of stock shares of zillow were popping and then dropping after they upped their revenue outloo and they're getting into the home flipping game, buying homes from sellers trying to turn them into a profit. seaworld taking a hit. the fsh s s.e.c. could take act against it and the london stocks exchange naming its new ceo, david schwimmeschwimmer, >> kate rogers, thank you very

much the value of elon musk's spacex looks to be climbing like its rocket new valuation, 24 billion. that based on a new 5$500 millin round of financing at this level spacex now the third most valuable start-up in america after uber and airbnb. 5:09, we're just getting started. up next, tpp, iea, ba, it's an alpha set soup for your money on this friday. we'll make sense of it all ahead. >> and big banks set to report citi, jpmorgan and wells all set to hit the tape in a few hours a man you know well, wilfred frost will be here to tell you the key numbers to watch the key numbers to watch a lot to do as "wex" rolls on. the kthey're handing ush a lot to dmore than maills on. they're handing us their business

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we offer 35 voice features and solutions that grow with your business. at&t, not so much. we give you 75 mbps for $59.95. that's more speed than at&t's comparable bundle, for less. call today. welcome back 5:13 in the east coast here's how your money and investments are setting up stock futures not giving us a lot of help. the dow up about 40. the nasdaq down. mixed. the ten-year treasury note yielding 2.82% at last check 2.83 if you're rounding up at home let's talk more about the markets and money. joining us is steve chevronne. i want you to help me answer a question that i get from people

when i'm out brian -- i'll do the southern accent -- i want to be invested in stocks, but i worry about the mueller investigation. i worry about syria. i worry about the president's tweets i know the economy and corporate earnings are good. i'm so worried about all this other stuff, i can't bring myself to buy stocks how do i answer those people >> we're talking to the same people you have to filter out news from noise. >> that's hard >> it is hard. that's why you have professional investors to help you, that's why you have advisers and folks like us at federated you have a fame work what are corporate earnings doing, interest doing what are corporate earnings doing? >> they are not only looking good, but great. the best in seven years. >> that's a strong word. >> the consensus is they'll grow 17% in q1, we think that number

could be 20. positive earnings across all 11 sectors. seven of them growing at double digits this is the best earnings season since 2011 >> how is that possible? when i read most of the headlines every day, i want to go in the corner, hide and suck my thumb it looks like the world is ending how is corporate america able to pull off these numbers >> there's an increase in deman. real revenue growth. 7% to 9% companies are getting more efficient and the boost of the tax reform those are powerful impetus to earnings >> your second question was what are interest rates doing 2.82 on the ten-year a lot of people thought we would be at three now, given the run we had a few months ago. have we stalled out here >> we think inflation and therefore rates will build that's fine. we think they'll build at slow, measured pace. we may get a scare at the end of

this month core pc is set to jump up to 1.9% we're rolling off the introduction of unlimited data plans a year ago it sounds ridiculous but true. >> inflation number also go up because of your cell phone plan? >> everyone has a cell phone they before paying $40 a month for two gigabytes, now it's $40 for unlimited gigabytes. that gave us a sharp downward number on inflation, that's rolling off so we'll move up a bit. we think we're moving at a measured pace higher an that's enough to answer the third question, keeping the fed at a measured pace. >> and are they going to be? if the federal reserve is seeing cell phone plans as the cause for inflation, i can't imagine they'll accelerate their pace of rate hikes because of the t-mobile plan going up in price. >> inflation has been uilding. you have wage inflation starting to build could the fed go from three

hikes to four? yeah but that's not going to derail the market what will derail the market is if they go to five we have corporate earnings good. interest rates looking okay. federal reserve won't blow it. if you can get past all the other headlines, things will be all right. >> that's our call everyone has a plan until they get punched in the face. the key is not to lose your cool >> also the key is not to get punched in the face. appreciate it. good view there. a little optimism heading into the weekend. spring is finally here. still ahead on "worldwide exchange," trump talking, g ti. and he may be doing big about-face on that we'll tell you how and why from washington straight ahead. as we head to break, here's the national weather forecast from michelle grossman. >> good morning. we're looking at all types of weather. a strong storm bringing extreme

weather. to the south, severe weather, potential for heavy rains, flash flooding large hail, damaging winds, the potential for a few strong tornadoes. on the cold side of the system, heavy snow, snow up to 20 inches in some spots. blizzard-like conditions so a tough go there. in the southwest, extreme fire danger in the mid-atlantic, a taste of summer temperatures well above normals, into the 70s and 80s enjoy that in the mid-atlantic 82 in washington 79 in new york tpetus llheemrarewi be nice and warm there, too. more "worldwide exchange" when we come back but it's not kayak confident. kayak searches hundreds of travel sites to help me plan the best trip. so i'm more than confident. forgot me goggles. kayak. search one and done.

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i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ >> i like bilateral, if you have a problem, you terminate when you're in with many countries like tpp, you don't have that same -- that same option >> right >> but somebody asked me the other day if i would do tpp. i would do tpp if we had a much better deal than we had. we had a horrible deal nafta was a horrible deal, i'm renegotiating it i went around and told stadiums full of people -- >> are you opening up the door to tpp >> we would only do tpp if it was a substantially better deal. the way it was structured was

terrible if we did a substantially better deal i would do tpp. >> that was president trump telling joe kernen that he would reenter the transpacific partnership if the terms were different and better for america. the president now instructing his economic team including larry kudlow to look at rejoining that trade pact. let's talk about james comey and his forthcoming book let's get more from tracie potts. >> good morning. james comey's look has not even come out yet, but it is the buzz here in washington it's due out next week we already have excerpts from a higher loyalty where he's highly critical of president trump, not only his administration, comey's firing, but the president's character. in this book he says the president is untethered to the truth, unethical, ego driven he compares him to a mob boss. james comey, who was fired as

fbi director, talks about his private meetings with the president before he was fired. that dinner where he reconfirms that the president asked for his loyalty. even before that the steeles doey that w steele dossier, and going to new york to brief the president-elect. he talks about john kelly, who was then homeland security secretary, being so disgusted at comey's firing that he threatened to quit, and comey talked him out of it he talks about the clinton e-mail investigation saying that he thinks he did the right thing going public, talking about that, talking about wrapping it up, even though he could have said it better >> tracie potts in washington, thank you very much. have a feeling more to come on this comey story.

the president setting up a task force to study the post office that group will evaluate the post office's finances and operation. the president saying the usps is on an unsustainable financial path and must be restructured to present a tax-payer bailout. the post office loses nearly $2 billion a year on 70 billion in avenue revenue let's check what else is happening outside the world of business frances rivera has more. president trump still weighing his options on syria he's meeting with advisers and speaking with allies to determine the best course of action following compelling new evidence indicating chemical ajens were used in last weekend's attack the u.n. security council scheduled an emergency meeting at russia's request to talk about how air strikes would threaten international peace.

hundreds of teachers are planning to call out sick in kentucky today nearly 50 schools will remain closed and a wall of snow came crashing down in alpine hill without warning in france. workers were trying to clear a previous avalanche there, then they were surprised by a burst of snow. that video captures several people running for cover as the avalanche comes down on them no injuries were reported. but there's that always one person who puts their cell phone up and presses record and captures the whole thing >> you don't run to help, you run to film. that's the new thing >> the days we live in >> frances, thank you very much. still to come on "worldwide exchange," what is likely to happen with summer gasoline prices courtesy of a big new report out of paris. and a double dose of food news the new condiment mash that has people talking and scratching

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welcome back topping your briefing right now, bank earnings about to hit the tape jpmorgan, wells fargo, citi group, their numbers are all

crossing before the bell it's a big deal. and wilfred frost will be here to bring a few. and crypto commodities hot right now. bitcoin up nearly 20%. others up even more. and a rather scary stat about your money on this friday the 13th no fooling it's all ahead as "worldwide exchange" rolls on ♪ there's a morning city of new york city's times square people getting ready to go to work see that truck watch out for the potholes good morning, i'm brian sullivan how are you? here's how your money and investments look halfway through this 5:00 a.m. hour. stock futures not helping us

much the dow indicated up 40. the nasdaq down a couple points a mixed market so far on this friday the bond market yielding 2.82% it was a mixed night in asia the nikkei was up a bit. most of asia was down. as for the broader markets, keep an eye on gold gold at its highest level since august of 2016 despite the fact that people are buying gold, they're buying the cryptocurrencies more. bitcoin up last check 19%. a big move yesterday morning a big move today ether, lit eshg -- lite coin up as well. let's talk about oil and that iea big monthly number it's amazing that we reference this report, jackie, you show

up it's amazing >> that's right. the iea was out with its monthly report they're saying that stocks, global stocks of crude oil can hit the five yo-year average by may. and that opec will extend cuts into 2019, and that will help shrink supplies down in the market investors are confident that these data points help them see the progress that the market is making demand is important as well. the iea made comments about it unchanged from last month. remember, demand forecasts have been robust. that's why crude oil has been able to get over that 50 hump and stay supported in the higher levels oil is on track for its biggest weekly gain since july it hit a three-year high this week you know as well as i do, a lot

of that has been on geopolitics. people focusing on what president trump may or may not do with respect to the situation in syria they're also following the situation in saudi arabia and the rebels out of yemen. wti getting close to $70 a barrel we didn't think we would see that to bring that back to the consumer, gas prices going into the summer driving season, if prices continue to climb on the raw commodity, gasoline prices will go up >> we have five seasons in america, fall, winter, spring, summer, summer driving season. which is your favorite >> i live for summer driving season >> only four weeks long but my favorite of the year i'll see new summer driving season. joining us now is nick gartside from jpmorgan asset management thank you very much for joining us i notice you said the most out

of whack market to you guys is the united states. you think we're misunderestimating what our fed will do. what do you think will happen with the fed here? >> when you look at the growth outlook in the united states, it's very, very robust it has had two extra shots from tax reform and from the corporate side from the budget side when you look at the fed, the risk is more, not less when you look at the ten-year treasuries at 2.8 2, they're a clear short at these levels. >> do you think the market is primed to drop or not as good as other markets? >> when you look at europe, very robust one area we would focus on is the high yield market. yields north of 6%, spreads

approaching 4%, there's no reason over the course of this year with that very strong economic back drop that the spread can't contract 50% to 75 basis points from current levels >> do you worry that increased interest rates maybe next year could drive a wave of defaults for u.s. high yield? high yield is often seen proxy for equities >> a few things to look at one is the default rate is 1.5% at the moment. again, when you look at what the impact of tax reform is, very, very strong in terms of the earnings profile companies have the ability to pay those interest charges the second thing to look at is when the big maturity wall is for high yield bonds you are out into the 2020s for that there's no imminent refinancing risks. there's no reason a lot of these

companies should default >> one thing you guys do is pro recess risk is zero, and only 5% crisis how does that stack up to previous years hard to go lower than zero >> recent years there's always been an economic bloc or economic in trouble. a few years ago it was europe. before that, china name any country in the world, any economic bloc at the moment and they're growing, not just growing but growing above trend rates of growth. that's testimony to that global growth outlook outside the united states you still have a super accommodative european central bank, and bank of japan pumping huge amounts of liquidity still into the financial system

>> our viewer here's could probably make more money in europe than in u.s. equities going forward, correct >> that's fair when you look at europe, it's take your pick it's three or five years behind the united states in terms of the earnings cycle in terms of the economic cycle and that's super accommodative, the ecb is just another shot for that trade >> emerging markets strong >> absolutely. looking at areas of the world that play on global growth, very much emerging markets. the absolute rate is a multiple of developed markets what we've seen this week with events in russia, you need good country and stock selection, but take a country like brazil, double digit yields that looks attractive in the world we're in >> nick with some good news, optimism heading into the

within appreciate that. thank you. >> never too early for street talk those are analyst calls. and a couple out already analysts working early on this friday morning nomura with a reduced rating on dropbox. and they slapped a $21 price target on dbx. that's 35% down side from where dropbox is currently trading also bmo getting more bullish on ely lily lifting the underperform rating on the stock with a $79 price target. cowen downgradie ining starbuck. staying craft coffee competition is brewing, get it that could impact starbucks bottom line. they worry that food sales are outpacing beverage sales as well a downgrade on starbucks, reduce on dropbox, but more bullish

view on eli lilly. a couple early stock calls today's top trending stories. kate rogers is back with those >> uber is continuing to update its app in an effort to keep riders safe when using its service. the newest feature allows riders to notify five trusted contacts about your rides there is also a 911 button that will notify police with your realtime location when pressed don't miss jeh johnson at 7:40 a.m. on "squawk box." a proeviously unpublished novel by j.r. tolkien will be released it's a prequel to the lord of the ring series. this is the first time it will be released as a stand-alone

text. taco bell is testing out a new addition to its breakfast menu a french toast chalupa, filled with sausage, bacon and egg. during the testing it's available only in ohio. and heinz brand is causing an uproar on twitter, while users can't tell if it's a dream come true or disgusting. it's called mayochup, a blend of mayo and ketchup right now it's only available in the middle east. i don't know about that wuone. >> there's two types of people, people who put mayo on their fries and everyone else. >> you like mayo on fries? >> come on >> no. >> do as the belgians do

>> i have to disagree. ketchup all the way. >> a little ketchup in there you can make it. you don't have to buy it in a tub. what's your stance on this french toast thing and why is it only available in ohio what has ohio done to deserve this >> i can't answer the ohio question they do all different types of market tests i think it sounds good i won't lie. >> sounds great. i don't know why ohio. >> you sound jealous >> i am jealous. somebody in dayton right now is noshing on a french toast chalupa while we're sitting foodless wrong. on deck, another cnbc exclusive. this is data on a food delivery service, can you bring us a french toast chalupa from ohio -- why this little delivery company might change the

consumer. and the nba's killer season. the huge uptick in numbers and ratings. big season for the nba don't go away. you're wchating mayonnaise exchange on cnbcctive. powered by intel core processor technology. now we can access our network and work together from anywhere. hey! hey everybody. you coming back for the team building? mobility by lenovo. no? it orchestration by cdw. ♪

welcome back stock futures indicating not much dow may open higher, the nasdaq may open lower sometimes people buy, sometimes they sell. treasuries, not a big move there

either treasury yielding 2.8 2% postmates is a delivery company and they seem to be giving the economy a unique boost the company partnering with a data service provider to give a clear picture on some cities and changing habits. kate rogers has more on how this little food delivery company will change the world for the better >> they do deliver more than food if you want socks, you can go on po po postmates and find those businesses postmates has created an impact model to measure its impact on cities, businesses and local work forces in the 300 u.s. markets it operates in from 2017 to date, 1$1.2 billion has been generated through the postmates platform with 35 million customer deliveries daughter flag time couriers earned 216$216.8 millin

last year, averaging $18.32 an hour in los angeles, postmates says it generated 380 million in sales from 2015 through 2017, in "new york post"mates says it generated 127.7 million during the same time period they measured business growth on and off the platform businesses grow 3.7 times faster after partnering with them an lealysts say seeing this in cities is not surprising, but expanding into rural areas may be more of a challenge a given the amazon effect and the idea that we can all have whatever we want whenever we want on demand, it's only a matter of time before consumers and businesses outside of large metros want to jump on this

trend. yum brands bought a 3% stake in grubhub. uber eats is partnering with chains like mcdonald's and ikea acquired a company last year to put together ikea f furnitu furniture. >> this is where we are as a society. i need somebody to get me socks and make my ikea stand that has a picture of a play mobile stick figure drilling into plywood >> you could not do this years ago. >> because people are playing fortnight and getting breakfast chalupas >> i guess so. >> you're a hip person, not an old, married dad like eric chemi. to sports news

n bsh nba has been on a roll this season nbc is on a roll, too. you hate our parent company? >> self-dealing. >> nba seeing a massive jump in attendance rating and merchandise sales. eric chemi joins us with more on socks, mayonnaise and the nba spectacular ratings. >> bye, kate if you look at just everything going on in sports media landscape. generally things are down. hockey, we saw those regular season numbers down double digits nfl down the nba, you look at some of these tv ratings on tnt, up 17%. nba on abc, up 17% attendance set at an all-time record, 22 million people going to games merchandise is up.

philadelphia 76ers up about 100% league pass is up. a lot of big numbers here. it ties into the valuations. the average nba team now estimated at 1$1.7 billion the knicks with almost $4 billion that's up 22% versus last year franchise values have tripled over the last few years. the memphis grizzlies may be the cheapest team, worst team in the league, 1$1.3 billion that's like 100 million a win. for th they just did that deal last week >> 2$2.2 billion for the rockets >> the nets got done, 49% was bought >> total valuation -- >> 2.35. >> he did not pay 2.35

>> but he has an option to buy the team in the next two, three years. that valuation is set. >> so the brooklyn nets are worth 2.$2.35 billion. >> the knicks don't even have a -- you could be the next coach of the knicks. why not? they're worth 5 billion now? they got to be >> it's one of those things. it's so difficult to get a team, if you want a knicks or lakers -- >> the guy has great timing on everything the restaurant business is kicking butt casino business. now the rockets will probably win the title. >> maybe >> they're the odds-on favorite with the warriors. same odds to win the title warriors >> i think he would have lucked out well if he bought the team -- >> was it luck >> you wonder why were they sold >> he paid like 85 million you know what the return on that is >> tillman missed out on that

deal by $2 million >> he had a chance to buy the rockets 20 years ago underbid by 2 million. >> price discipline can hurt you in the long run. if you think this is a growth asset, do you have -- >> i have said this on the air, i believe owning a sports team is the greatest asset class right now. >> you're saying it, that's the top. when brian sullivan says this is the gritteeatest asset class >> thanks for your final appearance on "worldwide exchange." >> it's been nice knowing you. >> where am i going? >> you're staying here >> maybe, maybe not. maybe there's a 4:00 a.m. show >> still ahead, chalupas no bank earnings are on deck. financials projected to see huge

numbers this quarter wilfred frost will be here to tell you the key numbers for wells, citi and jpm. and your most random but interesting thing you'll hear all day. it's about friday the 13th and stocks - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers.

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♪ we're having a good time the great french fry debate rolls on big banks are set to announce their numbers. it will be a busy day. here to watch out what to watch is wilfred frost, new host of "closing bell. this is a big day. long day for you what are the key numbers >> big thing to start off on is the rise in volatility we've seen in markets. trading has been guided to rise high single digits year over

year, or some 50% increase quarter over quarter equities within that is forecast to deliver the bulk of the gain with fixed income commodities and currencies lagging behind. goldman sachs which had terrible performance in trading last year should deliver around 30% year over year gains in equities and fixed interest giving an easy comparative from last year. a crucial year ahead for their trading business given the pick up in volatility any bank that grows q1 investment banking revenues year over year will perform well. though rates have fallen towards the end of the quarter, they rose over the course of the whole q1, thus there should be a rise in net interest income for all the banks boosted further by the libor rise the area of weakness that is expected to continue is loan demand jpmorgan, citi, wells fargo are

all out this morning starting with jpmorgan at about 6:45 to 7:00 eastern time. bank of america, goldman sachs and morgan stanley next week can they boost the market generally? they were up sharply yesterday they have a tough comp in terms of share price performance >> how much of your analysis today, particularly for wells fargo, will be based on the other stuff, legal stuff they've been dealing with? there's a lot of numbers, but a lot of other headlines in there. >> a lot of other headlines. the fascinating thing about their numbers last year is the way the issue around dealing with the fallout from the scandal did feed into their numbers because of the costs that it was delivering for them. higher costs higher expenses. that depressed the efficiency ratio. revenue to costs that's why they underperformed on an eps level. that's the key area to watch how much is this fed punishment affecting their costs and

revenues the stock over one year is significantly behind the rest. >> there one bank more significant for wall street versus the consumer? is wells fargo mom and pop and goldman sachs more wall street how do we differentiate the figures? >> very good broad summary of that yes. goldman sachs still the pure investment bank. they're trying to push into consumers with marcus. >> not a guy the banking platform >> the original founder. that is growing ill press civilly, but just a blip o their earnings for goldman sachs, they have more than 50% of their earnings from trading that's fallen to 30%, 35%. they can benefit from the pick up in volatility and we'll see if that happens next week. >> wilf, thank you very much see you on "squawk" and closing bell tonight big day. this morning's rbi friday the 13th. stocks actually do perform worse -- get this, the s&p 500

performs worse on friday the 13th than any other friday of a month. can you believe that it is true thanks for watching "worldwide exchange." "squawk box" is nextdy, ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪

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president trump reconsidering a massive pacific trade deal, tpp, but "squawk box" viewers already knew that from our interview with the president in davos we have to get cable for the "wall street journal." i don't know surprising trade data out from china overnight we'll bring you those numbers and a rundown of the biggest market movers. and earnings season has arrived. jpmorgan expected to report this hour i'm excited, notre dame football coach brian kelly is here this morning -- wait a minute

it's the bitcoin guy we're happy he's here. it's friday the 13th love friday the 13th "squawk box" begins now. ♪ live from the most powerful city in the world, new york, this is "squawk box. >> is this your doing again? good morning welcome to "squawk box" on this friday the 13th. i'm melissa lee along with joe kernen let's check in on the s&p and the nasdaq poised for their best week in five weeks looking for a positive open across the board s&p opening up by 6 points. in asia, a mixed bag of economic data export